FTSE 250 movers: Bovis boosted by results; Go-Ahead loses steam

Thu 07 Sep 2017

LONDON (SHARECAST) - (ShareCast News) - London's FTSE 250 was up 0.2% to 19,689.85 in afternoon trade on Thursday.
Housebuilder Bovis Homes reported a 31% drop in first-half pre-tax profit but the shares rallied as investors welcomed a hike to the dividend, a special dividend and healthy margins as they put their faith in new chief executive Greg Fitzgerald.

Animal genetics company Genus was on the front foot after it reported its preliminary results for the year to 30 June, with revenue of 459.1m - an increase of 18%, or 6% in constant currency.

On the downside, Go-Ahead Group slumped as it reported that pre-tax profit for the full year fell 5.7%, while Ashmore was in the red despite posting a rise in full-year profits as underlying profit growth fell short of expectations.

Capita shares were under pressure after the outsourcer restated its accounts to adapt to new accounting standards.

As it adopted International Financial Reporting Standards 15, Capita's restated operating profit for 2106 was 335m versus 481m previously, while net liabilities came in at 553m from 483m net assets. Meanwhile, underlying revenues were cut from 4.6bn to 4.4bn.

Page Group and Phoenix were weaker as their stock went ex-dividend.

FTSE 250 - Risers

Bovis Homes Group (BVS) 1,156.00p 9.89%
Nostrum Oil & Gas (NOG) 392.40p 4.64%
Rank Group (RNK) 232.10p 3.80%
Hochschild Mining (HOC) 289.10p 3.73%
Genus (GNS) 1,975.00p 3.29%
IP Group (IPO) 117.50p 3.07%
Indivior (INDV) 301.60p 3.01%
Acacia Mining (ACA) 193.80p 2.92%
Grafton Group Units (GFTU) 808.50p 2.54%
LondonMetric Property (LMP) 169.40p 2.48%

FTSE 250 - Fallers

Go-Ahead Group (GOG) 1,587.00p -9.47%
Ashmore Group (ASHM) 342.20p -6.30%
Vectura Group (VEC) 90.05p -5.21%
Pagegroup (PAGE) 480.80p -4.13%
Sirius Minerals (SXX) 25.29p -2.77%
Phoenix Group Holdings (DI) (PHNX) 739.50p -2.76%
Capita (CPI) 627.00p -2.64%
TalkTalk Telecom Group (TALK) 209.20p -2.61%
Redefine International (RDI) 38.75p -2.22%
FirstGroup (FGP) 113.70p -2.07%
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